Analysts expect First Data Corp (NYSE:FDC) to report $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for First Data’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. First Data posted earnings of $0.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The company is scheduled to issue its next quarterly earnings results before the market opens on Monday, April 30th.
On average, analysts expect that First Data will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.44. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.47 to $1.70. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover First Data.
First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.
FDC has been the subject of a number of recent research reports. Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Piper Jaffray reiterated a “buy” rating and set a $26.00 price objective on shares of First Data in a research note on Thursday, January 18th. ValuEngine downgraded First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price target on shares of First Data in a report on Monday, February 12th. Finally, BTIG Research reissued a “buy” rating on shares of First Data in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.40.
Shares of NYSE:FDC traded up $0.02 during mid-day trading on Friday, reaching $15.33. 2,460,134 shares of the company traded hands, compared to its average volume of 7,772,870. The company has a market cap of $14,087.78, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98. First Data has a 52 week low of $14.89 and a 52 week high of $19.23.
Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of First Data by 22.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock worth $3,554,000 after acquiring an additional 35,981 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of First Data by 296.8% during the 4th quarter. Deutsche Bank AG now owns 3,336,403 shares of the business services provider’s stock worth $55,749,000 after acquiring an additional 2,495,618 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of First Data by 159.0% during the 4th quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock worth $40,655,000 after acquiring an additional 1,493,774 shares in the last quarter. Beach Point Capital Management LP purchased a new stake in shares of First Data during the 4th quarter worth approximately $3,426,000. Finally, FNY Partners Fund LP raised its holdings in shares of First Data by 66.7% during the 4th quarter. FNY Partners Fund LP now owns 25,000 shares of the business services provider’s stock worth $417,000 after acquiring an additional 10,000 shares in the last quarter. 49.51% of the stock is currently owned by institutional investors and hedge funds.
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About First Data
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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